PORTLAND GENERAL ELECTRIC CO /OR/
For the period ended Mar 31, 2025. Filed Apr 25, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed Apr 25, 2025
POR$45.92-0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Cash Flows
(In millions)
| Three Months Ended March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash flows from operating activities: | ||
| Net income | $100 | $109 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 140 | 121 |
| Deferred income taxes | 20 | 37 |
| Pension and other postretirement benefits | 2 | 1 |
| Allowance for equity funds used during construction | (5) | (5) |
| Alternative revenue programs | 4 | 11 |
| Regulatory assets | (5) | (120) |
| Regulatory liabilities | (8) | (3) |
| Tax credit sales | 3 | 1 |
| Other non-cash income and expenses, net | 30 | 22 |
| Changes in working capital: | ||
| Accounts receivable, net | (25) | (5) |
| Inventories | 3 | (1) |
| Margin deposits | 55 | 27 |
| Accounts payable and accrued liabilities | (37) | 24 |
| Margin deposits from wholesale counterparties | 5 | — |
| Other working capital items, net | (28) | (16) |
| Other, net | (23) | (28) |
| Net cash provided by operating activities | 231 | 175 |
| See accompanying notes to condensed consolidated financial statements. | ||
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS, continued
(In millions)
| Three Months Ended March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash flows from investing activities: | ||
| Capital expenditures | $(359) | $(325) |
| Purchases of Nuclear decommissioning trust securities | (2) | — |
| Other, net | (15) | (6) |
| Net cash used in investing activities | (376) | (331) |
| Cash flows from financing activities: | ||
| Proceeds from issuance of common stock | — | 78 |
| Proceeds from issuance of long-term debt | 310 | 450 |
| Payments on long-term debt | (102) | — |
| Issuance (maturities) of commercial paper, net | — | (146) |
| Dividends paid | (55) | (48) |
| Other | (9) | (7) |
| Net cash provided by financing activities | 144 | 327 |
| Change in cash and cash equivalents | (1) | 171 |
| Cash and cash equivalents, beginning of period | 12 | 5 |
| Cash and cash equivalents, end of period | $11 | $176 |
| Supplemental cash flow information is as follows: | ||
| Cash paid for interest, net of amounts capitalized | $43 | $26 |
| Cash paid (received) for income taxes, net | (1) | 2 |
| See accompanying notes to condensed consolidated financial statements. | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.